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These markets are terrifyingly manipulated
Poast new message in this thread
Date: April 21st, 2018 10:01 AM Author: sick garrison coldplay fan I've been following BTC's price action over the past 6 weeks to time my entry into a couple of juicy alts.
It was basically tanking until some entity or entities propped it up in the $6k range. Then those same entities strategically pushed it up over various prices in order to "break" certain resistance levels that are important to technical traders (i.e., make everyone think that a bull market had returned).
You can see on this image from yesterday's surge that one or a couple of entities just start ripping through the order book to push the price above a certain target. Each green circle is a 20 BTC or more buy.
http://i.imgur.com/r2G6xjd.png
It could either be some holders with long positions, or even an exchange(s) hoping to get more volume back.
I don't hold any BTC, but LOL at people "investing" or trying to trade it when it is completely at the whims of a few market makers.
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Date: April 22nd, 2018 3:58 AM Author: Shimmering station roast beef agreed (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35892816) |
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Date: May 2nd, 2018 10:01 AM Author: Gay theater stage gaping you only now realized this? this is why i’ve always been so disrespectful of technical analysis people or people that have retarded explanations for incremental price movements. the markets are unregulated and still thin as fuck - the prices moved wherever certain people want (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35965132) |
Date: April 21st, 2018 8:45 PM Author: milky nursing home The fundamentals are strong (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35890926) |
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Date: April 21st, 2018 9:30 PM Author: Shivering Harsh Temple Sweet Tailpipe (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891183) |
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Date: April 21st, 2018 8:48 PM Author: Bistre histrionic kitty What are you saying? 50/50 we see another crash into the $6k range? (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35890945) |
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Date: April 21st, 2018 9:15 PM Author: sick garrison coldplay fan No, I am saying it will go wherever 5-10 entities want it to go. There are no fundamentals at the moment (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891088) |
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Date: April 21st, 2018 9:29 PM Author: Shivering Harsh Temple Sweet Tailpipe I've been saying this for a long time: whale pumps and dumps drive the price and you can see them happen if you watch the 1H price tracker on coinbase (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891176) |
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Date: April 22nd, 2018 3:47 AM Author: razzmatazz mint preventive strike koreans are a stronger force than any whale
koreans go batshit = market moon (especially shitcoins)
koreans panic = market tanks (especially shitcoins) |
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Date: April 22nd, 2018 12:10 PM Author: Exhilarant bbw Bloody terrifying (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35893757) |
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Date: May 2nd, 2018 5:28 AM Author: poppy galvanic new version gay wizard (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35964503) |
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Date: April 22nd, 2018 12:25 PM Author: cerebral messiness area Yes, what's weird is that ETH and BTC move in tandem by the second - so obviously a few large whales are manipulating both at once. (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35893837) |
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Date: April 22nd, 2018 1:31 PM Author: Fantasy-prone Hairraiser Patrolman What's on the chart? Bubbles scaled to order size? (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35894206) |